Global Weight Loss and Weight Management Diet Market to hold a high potential for growth by 2027: Cargill Incorporated, Pepsico, Inc., Kellogg Company, General Mills Incorporation
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The global weight loss and weight management market is expected to unfold attractive business opportunities for market players in future. This is attributed to increase in consumption of fast food and snacks in the developing regions has led to the rise in incidence of obesity. Asia-Pacific registers the highest growth in weight loss and weight management diet market, due to change in food habits, increase in per capita income and rise in obesity rates in the region. Among the developed regions, North America serves as the largest market for weight loss and weight management diet, owing to alarming rise in sedentary lifestyle. Thus, meal replacements are popularly used as a food substitute to control the amount of calorie intake by consumers, which significantly contributes toward the growth of the global market.
Weight loss and weight management products are more expensive as compared to conventional food & beverage products. Better-for-you products comprise premium priced food & beverage products such as low-calorie snacks, frozen desserts, and low-sugar packaged food products. Similarly, meal replacements are costlier as they are made from highly processed proteins and vitamins. Hence high prices might limit the target audience for the engaged stakeholders.
The weight loss and weight management diet market is segmented into product type, sales channel, and region. By product type, weight loss and weight management diet market is classified into better-for-you, meal replacement, weight loss supplement, green tea, and low-calorie sweeteners. The better-for-you meal is further segmented into low-salt products, low-carb/sugar products, and low-fat products. Low-calorie sweeteners is subsegmented into stevia, aspartame, sucralose, saccharin, and others. By sales channel, the market is fragmented into hypermarket/supermarket, specialty stores, pharmacies, online channels, and others. Region wise, the weight loss and weight management diet market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some of the key players analyzed in the weight loss and weight management diet market analysis includes Cargill Incorporated, Pepsico, Inc., Kellogg Company, General Mills Incorporation, Nutrisystem, Inc., Abbott Laboratories Inc., Weight Watchers, Inc., Kraft Foods, Inc., Ingredion, and Medifast, Inc.
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Weight Loss and Weight Management Diet Market Segments
By Product Type
o Low-salt Products
o Low-carb/sugar Products
o Low-fat Products
• Meal Replacement
• Weight Loss Supplement
• Green Tea
• Low-calorie sweetener
By Sales Channel
• Specialty Stores
• Online Channels
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